A very innovative strategy of 44 moving average + support lvls of trendline or u can say a good up trending channel :)
Well, one should always trade this pattern if u know how to manage the risk :)
risk should be the money = after losing it u don't feel sad.
Happy trading and be happy :)
Due to the earnings declaration the prices were hammered, and hence was opened as gapped down,
Reasons For Selecting:-
1.Trendline acting as a support
2.Stock respecting Fibo levels
3.Double bottom pattern
placing a stop-loss @ 375,
Followed by the Targets 1 & 2
Stock has cleared the breakout levels in today's session and gave a comfortable close above those levels, which confirms the breakout, can definitely be bought here with the respective stop-loss for an expected profitable trade.